Choice Commodity Research

Dollar Update The US dollar reached a seven-week high at 100$ alongside surging Treasury yields after the Federal Reserve unanimously raised interest rates. Officials, including new Chair Kevin Warsh, signaled further rate increases ahead, including one projected for 2026, while markets await central bank decisions from the UK and Japan. -Choice Broking

Rupee Update The Indian rupee weakened to around 96.1 per dollar as elevated crude prices, a stronger dollar, rising US yields and Fed tightening expectations weighed on sentiment. Foreign portfolio outflows further intensified pressure on the currency amid expectations of another rate hike in this year. -Choice Broking

Gold resumed gapped down by -1.50%, Silver by -1.37%, Copper up by +0.47%

*Summary of U.S. Federal Reserve Bank Decision (9/16/2026):* 1. Fed hikes interest rates by 25 bps for first time since July 2023. 2. The decision was made in a 12-0 unanimous vote. 3. Warsh says the decision to hike rates comes at a time when the economy is "strengthening". 4. Fed says the decision will support a "timelier" return to 2% inflation. 5. Median Fed forecast shows one more 25 basis point rate hike in 2026. 6. Fed says job gains are strong and the unemployment rate has "changed little". 7. "The Committee will deliver price stability," the Fed's statement says. 8. Warsh says he is "hard-pressed to call financial conditions restrictive". 9. Warsh says he did not submit a dot for the Fed's dot-plot.

US Federal Funds Rate Actual : 4.00% Forecast : 4.00% Prev.: 3.75% Impact:Negative for Bullion

US Crude Oil Inventories Actual: -0.6M Forecast: -1.6M Prev: -0.4M Impact: Negative for crude oil US Distillate Inventories Actual: 1.6M Forecast: 0.7M Prev: 2.1M Impact: Negative for crude oil US Gasoline Inventories Actual: 0.8M Forecast: -1.1M Prev: 1.3M Impact: Negative for crude oil

Sumeet Bagadia’s Desk : Stopped Out @ 152247.00...Buy in Commodity GOLDM|05OCT26 @ 152421.00 SL 152250.00 TGT 152763.00

Sumeet Bagadia’s Desk:Buy GOLDM|05OCT26 in Commodity @ 152421.00 SL 152250.00 TGT 152763.00

*US Import Prices m/m* Actual : 0.7% Forecast : 0.4% Prev.: -0.4% Impact : Positive for Base metals

Sumeet Bagadia’s Desk : Exit @ 15.25...Buy in Commodity COPPER|23SEP26 CE 1380.00 @ 16.35 SL 14.50 TGT 20.05

*US Core Retail Sales m/m* Actual : 1.4% Forecast : 0.6% Prev.: -0.3% Impact: Negative for Bullion *US Retail Sales m/m* Actual : 1.2% Forecast : 0.8% Prev.: -0.6% Impact: Negative for Bullion

Sumeet Bagadia’s Desk : Exit @ 152220.00...Sell in Commodity GOLDM|05OCT26 @ 152268.00 SL 152450.00 TGT 151904.00

Sumeet Bagadia’s Desk:Sell GOLDM|05OCT26 in Commodity @ 152268.00 SL 152450.00 TGT 151904.00

Sumeet Bagadia’s Desk : Exit @ 282.50...Buy in Commodity NATURALGAS|25SEP26 @ 282.30 SL 280.50 TGT 285.90

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 CE 1380.00 in Commodity @ 16.35 SL 14.50 TGT 20.05

Sumeet Bagadia’s Desk:Buy NATURALGAS|25SEP26 in Commodity @ 282.30 SL 280.50 TGT 285.90